#Market Parameters

This page provides technical details about market parameters for transparency.

#BTC/USD & ETH/USD Parameters (10x Markets)

#Risk Parameters

Parameter Value Description
Initial Margin 10% 10x max leverage
Maintenance Margin 8% Liquidation threshold
Min Margin $10 Minimum position collateral

#Contracts

Contract Address
BTC/USD Market 0x775d194822Df9E7aac2CEed41cb5b5333C779a57
ETH/USD Market 0xD54c4905Fe7D031A6710fc47A1C3aDbb25edcC86

#Risk Parameters

Parameter Value Description
Initial Margin 20% 5x max leverage
Maintenance Margin 16% Liquidation threshold
Min Margin $10 Minimum position collateral

#Contracts

Market Address
SOL/USD 0x7a8b655932e59a73AF1a40f2B42d5580D2950695
BNB/USD 0x7fEC24fFA63fA07959070b9FD326FD9e1149756d
XRP/USD 0x8D00d98322f9d2d2Cc8f1425Bf041443b6B232Ec
DOGE/USD 0x7AD1440CC67b143deAaB622e5Eb38193cc1B09dB
XMR/USD 0xdf79094bC5d072EcCD68FF1b956A104Bf255528a
AVAX/USD 0x6e5Aa86D9A277ec40ff49A10059bfCad98764c49
LINK/USD 0xFcbe02C702c6ab7d006786d0d5EEF151500edde0
SUI/USD 0xb33967728F3fc13427db560aF67343a344537b88

#Shared Fee Parameters (All Markets)

Parameter Value Description
Taker Fee 0.02% Market order fee
Maker Fee 0.00% Limit order fee
Funding Fee 0% Protocol share
Interest Fee 0% Protocol share
Risk Fee 0% Protocol share

#Funding Parameters (All Markets)

Parameter Value Description
Funding Cap ±15% APR Maximum funding rate
Target Utilization 80% Optimal utilization target

#Oracle Parameters (All Markets)

Parameter Value Description
Provider Pyth Network Price feed source
Staleness 40 seconds Max price age
Max Price Deviation 15% Maximum allowed deviation
Max Pending 12/6 Global / local max pending

#Protocol-Level Parameters

These parameters apply to all markets:

Parameter Value Description
Max Fee 0.5% Protocol cap on fees
Max Liquidation Fee 1.0x Cap on liquidation incentive
Max Rate 100% APR Protocol cap on rates
Min Maintenance 1% Minimum maintenance margin

#Parameter Governance

#Who Controls Parameters?

Role Responsibility
Timelock Protocol-level parameters (7-day delay)
Multisig Emergency pause functionality
Coordinator Market-specific risk parameters

#Change Process

  1. Proposal — Change submitted to governance
  2. Review — Community review period
  3. Timelock — 7-day delay for protocol changes
  4. Execution — Change applied on-chain

#Parameter Safety

#Current Protections

Key parameters are bounded by on-chain protocol limits:

Protection Current Setting Governed By
Funding cap ±15% APR per market Coordinator (bounded by maxRate)
Non-custodial No admin function to transfer user collateral Smart contract design
Settlement Oracle-based, enforced by market contract Code logic
ℹ️

These settings are enforced on-chain but are not immutable. The coordinator can adjust market-level parameters, and the timelock owner can adjust protocol-level bounds. All changes are visible on-chain.

#Parameter Bounds

All parameters have upper/lower bounds enforced by the protocol to prevent dangerous configurations.

#Historical Changes

Major parameter changes are announced in advance:

Date Change Impact
Launch Initial parameters N/A
ℹ️

Parameter changes are announced on Twitter/X before implementation.

#Reading Parameters On-Chain

All parameters are public and readable:

#Via Block Explorer

Parameters can be viewed on Arbiscan by reading contract storage.

#Via Smart Contract Calls

text
MarketFactory: 0x02d46F54c986e298854cD0Ea110E9f0fA87a6702
  - parameter() → Protocol parameters
  
Market: [Market Address]
  - parameter() → Market parameters
  - riskParameter() → Risk parameters

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